Designation : Senior Accounts Executive
Compensation : 20,000 - 30,0000
Location : Lavelle Road, Bangalore
Woking Schedule : Mon - Sat (10 : 00am - 7 : 00pm)
Experience : Minimum 2 years
Key Responsibilities
Vendor Payments & Accounts Payable (40%)
- Payment Management : Oversee the complete cycle of accounts payable, specifically for construction projects (materials, subcontracts, labor, machinery rental).
- Vendor & Subcontractor Payments : Process, verify, and track all incoming vendor invoices, ensuring proper approvals are obtained according to project budgets and purchase orders.
- Retainage Management : Accurately track and manage retainage payable to subcontractors and suppliers, ensuring timely release as per contract terms and completion certificates.
Reconciliation & Month-End Closing (30%)
Bank & Ledger Reconciliation : Perform timely and accurate reconciliation of all bank accounts, cash / fund flow statements, and major general ledger accounts (e.g., Accounts Payable, Advance accounts).Inter-Company / Project Reconciliation : Reconcile all financial transactions occurring between various construction projects and inter-company accounts.Month-End Support : Assist with the monthly and annual financial closing process, ensuring all entries are recorded accurately and deadlines are met.Tax Compliance (GST & TDS) (20%)
GST Compliance : Prepare and ensure timely and accurate filing of all Goods and Services Tax (GST) returns (GSTR-1, GSTR-3B, etc.).Input Tax Credit (ITC) : Monitor, verify, and reconcile Input Tax Credit (ITC) claims, ensuring maximum utilization and compliance with GST rules specific to the construction sector.TDS Management : Handle all aspects of Tax Deducted at Source (TDS), including calculating, deducting, depositing, and filing quarterly TDS returns (Form 24Q, 26Q), with particular attention to TDS on works contracts.General Accounting & Audits (10%)
Maintain accurate fixed asset registers and track construction-in-progress (CIP) accounts.Assist in the preparation of schedules and documentation required for statutory, tax, and internal audits.Ensure adherence to all company accounting policies and statutory regulations.Required Qualifications
Experience : Minimum of 2-4 years of experience in core accounting roles, with a mandatory focus of at least 1 years in the construction, real estate, or general contracting industry .Education : Bachelor’s or Master’s degree in Commerce, Accounting, or Finance.Technical Skills :Proven, expert proficiency with an ERP system, Tally Prime is essential.Strong working knowledge of MS Excel.Knowledge : Deep, practical understanding of Indian taxation (GST, TDS, Income Tax provisions) as they apply specifically to works contracts, subcontractors, and construction material procurement.Preferred Qualifications
CA Inter / CMA Inter qualification.Direct experience handling GST and TDS audits.Familiarity with the accounting treatment of RERA (Real Estate Regulatory Authority) requirements.